Holiday Hours
Please note our Contact Centre will be open from 9:30 am to 4:00 pm ET on Monday, October 2, 2023, in observance of National Truth & Reconciliation Day.
Online banking and ATMs are available for your convenience.
Accounts
No-Fee eChequing Account
Our chequing account offers you the convenience of day-to-day transactions while earning interest on your daily balance
Information

No Monthly Account Fees
- No monthly fee; No minimum balance required
- FREE, unlimited day-to-day transactions1
- FREE, unlimited Interac® e-Transfers
- Award-winning No-Fee eChequing Account
- Access to over 3,300 ATMs in THE EXCHANGE® Network - Canada's largest ATM network, surcharge-free! In the United States, access 40,000 surcharge-free ATM’s through the Allpoint Network.

No Minimum Balance
- Safe and secure – eligible deposits are insured up to the maximum amount through the Canada Deposit Insurance Corporation (CDIC)
- 0.05%* Annual Interest Rate.
We make banking easy, accessible, and secure - wherever you are.
ONLINE BANKING
Bank 24 hours a day, 7 days a week. Pay your bills online and skip that trip to a mailbox or bank branch.
MOBILE
Get the full experience of online banking plus more. Whether you're checking your balances or depositing your cheques easily with Deposit Anywhere™, do it all within your fingertips.
At Alterna, our members always come first. We’ve always believed that being upfront and honest is the most respectful way to provide important information. That’s why everything you need to know about our current service fees and account features can be found here:
Get your bank accounts talking to each other with a few clicks.
Available with your Alterna Bank account, External Account Transfer is a free feature that lets you link all your accounts from different financial institutions so you can transfer funds with ease.
Transfer funds to and from your account to another financial institution
Fund new accounts from your external account if other financial institutions support it
Setting up is easy! Find out more on External Account Transfer.
Apply online now
It typically takes just 5 minutes to apply for your account - all online!
eChequing Accounts and rates are only available for purchase online.
*Interest rate is annualized and subject to change without notice. Interest is calculated daily on the closing balance and paid monthly. $1,000,000 maximum balance (plus accrued interest).
1Includes: Withdrawals, Transfers, Interac® e-Transfers, Me-to-Me Transfers, Bill Payments, Cheques, Pre-authorized payments, Debit card payments (POS), Alterna and THE EXCHANGE Network ATM withdrawals and transfers.
2Overdraft fees are in addition to interest charges on the outstanding overdraft amount. Interest will be calculated and debited monthly to your account based on the final daily indebtedness in the account throughout the calendar month. Interest rates set by Alterna Bank will apply both before and after the Overdraft Protection service is terminated, and before and after judgment is obtained against you.
Maximum balance per customer is $250,000 (plus accrued interest).
Click here for our FAQs on Account Limits.
CS Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC).
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